spanish car sales witness bad performance in years
Last Updated : GMT 18:26:54
Arab Today, arab today
Arab Today, arab today

Spanish car sales witness bad performance in years

Arab Today, arab today

Arab Today, arab today Spanish car sales witness bad performance in years

Madrid - Xinhua

There was more bad news for the Spanish car industry with the publication of the sales figures for September on Monday indicating bad performance in the past years. According to the associations of manufacturers (ANFAC) and sales organizations (GANVAN), for the past month 55,572 cars were sold in September, which is 1.3 percent down on the same period in 2010 and the worst performance in terms of sales in the month in the past 15 years. The figures mean that 623,926 cars have been sold in the first nine months, which is 20.7 percent down on the sales figures from last year. Car sales are now at their lowest level in Spain since 1993. Spain\'s problems of family debt and lack of consumer confidence have been reproduced in the sales figures, as sales of new cars to private individuals fell by 12.3 percent in September, with just 30,299 cars sold. Just 287,660 cars have been bought by individuals in the first nine months of the year. Those figures, have been offset to a certain extent by the sales of new cars to companies, which is rising. Companies and businesses accounted for the sales of 23,456 cars in September, a 15.6-percent increase on 2010, while sales to corporate clients is up overall by 7.4 percent for the year as a whole. Car hire firms also bought more cars in September and have done so in the year as a whole. Meanwhile there are signs of a widening gap between the rich and the poor in Spain given that the sales of luxury cars in the country rose by 148.4 percent in September and has climbed by 114.4 percent over the year. That is contrasted by figures that show the average age of a car on Spanish roads has increased considerably as people postpone the purchase of new vehicles until the economy shows signs of improving. ANFAC and GANVAN warn that unless current trends chance, 42 percent of the cars in Spain will be at least 10 years old by 2012. The increasing age of the cars in circulation brings with it additional problems of safety and also of pollution, given that older cars consume more fuel and are not as ecological as newer models. \"We need policies of renovation for the cars in circulation and also structural changes so that Spain has cars that consume less and which are more ecological on the roads,\" commented ANFAC Director General Luis Valero. Meanwhile Ganvan\'s President Juan Antonio Sanchez Torres predicted that the sector would again fall short of the 1 million sales mark in 2011 and predicted the year would end with around 820,000 new vehicles having been sold.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish car sales witness bad performance in years spanish car sales witness bad performance in years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish car sales witness bad performance in years spanish car sales witness bad performance in years

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday